Stock Market Today: Nasdaq Tumbling, Dow Set to Open Down; Japan's Nikkei Drops 12%; U.S. Recession Fears; Nvidia, Intel, Alibaba, JD.Com, More Movers; Treasury Yields Fall

Category: Finance

The Nasdaq leads a global market decline as technology stocks drop significantly following disappointing U.S. jobs data, raising concerns about a potential economic slowdown. Analysts suggest it's premature to label the downturn as a bear market despite recent volatility. Japan's Nikkei index experienced its worst drop in 26 years, reflecting widespread market fears.

Keywords: Nasdaq, market decline, economic slowdown

Source: Barron's

Update At: 8/5/2024

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